89R6260 KFF-D     By: Anchía H.B. No. 3280       A BILL TO BE ENTITLED   AN ACT   relating to participation in a deferred retirement option plan by   members of the retirement systems for police and fire fighters in   certain municipalities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 6.14(c), Article 6243a-1, Revised   Statutes, is amended to read as follows:          (c)  Each month after a member has made an election to   participate in the DROP and indicated a desire to receive a   retirement pension under Sections 6.01(b) and (c), Section 6.01(e),   or Section 6.02(b), (c), (d), or (e) of this article, whichever is   applicable, and through the month before the month in which the   member leaves active service, an amount equal to the retirement   pension the member would have received under the applicable   subsection for that month if the member had left active service and   been granted a retirement pension by the board on the effective date   of DROP participation shall be credited to a separate DROP account   maintained within the fund for the benefit of the member.  Amounts   held in the DROP account of a member shall be credited at the end of   each calendar month.  Notwithstanding this section, effective   January 1, 2018, a member on active service who has 20 [10] years or   more of participation in DROP shall no longer have the amount of the   member's retirement pension credited to the member's DROP account   while the member is on active service.          SECTION 2.  (a) Subject to Subsection (b) of this section,   Section 6.14(c), Article 6243a-1, Revised Statutes, as amended by   this Act, applies to a member who participates in the deferred   retirement option plan established under that section regardless of   whether the member began participation in the plan before, on, or   after the effective date of this Act.          (b)  A member described by Subsection (a) of this section   whose retirement pension ceased being credited to the member's   deferred retirement option plan account on or after January 1,   2018, under Section 6.14(c), Article 6243a-1, Revised Statutes, as   that section existed immediately before the effective date of this   Act, is not entitled to have amounts credited to the member's   account for the period beginning on the date the member's   retirement pension ceased being credited and ending on August 31,   2025.          SECTION 3.  This Act takes effect September 1, 2025.